Euro Bonos
FBTP Italian 10Y Bonds closed up by 0.09% to 152.14 on 13 January 2021 and +0.56% on a weekly basis. FBTP Italian 10Y Bonds momentum was last calculated at +100.0/100 indicating positive momentum. FBTP Italian 10Y Bonds trend is +100.0/100 indicating a positive trend. FBTP Italian 10Y Bonds momentum exhaustion is 1.49 indicating FBTP Italian 10Y Bonds is neither oversold or overbought. FBTP Italian 10Y Bonds RSI is 59.13 .
Euro Bonos Chart
Euro Bonos Statistics
| Security | Symbol | Last | Momentum | Trend | Oscillator | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| Euro Bonos | euro-bonos | 158.87 | -1.28 | -1.7 | -1.37 |
FBTP Italian 10Y Bonds closed at 152.14 on 13 January 2021. FBTP Italian 10Y Bonds trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. FBTP Italian 10Y Bonds momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. FBTP Italian 10Y Bonds momentum exhaustion is 1.49 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating FBTP Italian 10Y Bonds is neither oversold or overbought. FBTP Italian 10Y Bonds RSI was last calculated at 59.13. FBTP Italian 10Y Bonds moving averages were last recorded as follows: 1-month moving average: 151.79 in an uptrend , 1-quarter moving average: 150.66 in an uptrend and 1-year moving average: 145.46 in an uptrend. FBTP Italian 10Y Bonds annual return was last recorded at None%, daily return was last recorded at 0.09%, and weekly return was last recorded at 0.56%. FBTP Italian 10Y Bonds Historical 20-day volatility was last recorded at 3.2275%, MacroVar models monitor FBTP Italian 10Y Bonds statistics based on historical data since 1970.
Euro Bonos News
Spain Financial Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| IBEX 35 | IBEX | 8567 | 0 | 0.25 | 0.49529 | 52.9157 | -1.05 | -4.32 | -2.64 | -0.15824 |
| Spain ETF | EWP | 27.44 | 0.5 | 0.5 | 1.2395 | 58.5292 | -1.05 | -6.12 | -3.72 | -0.05274 |
| Spain 10-Year Bond Yield | ES.10Y | 0.27 | -1 | -1 | -1.36442 | 45.7791 | -13.74 | -40.13 | -37.93 | -0.91423 |
| Spain 5-Year Bond Yield | ES.5Y | -0.33 | 0.5 | -0.75 | -1.29576 | 45.6911 | 8.2 | 72.77 | 41.63 | 1.50515 |
| Spain 2-year bond yield | ES.2Y | -0.54 | 0.5 | -1 | -1.36089 | 40.4619 | 3.85 | 8.87 | 11.57 | 0.75209 |
| Spain Yield Curve | ES.YC | 0.82 | -0.5 | -0.5 | -1.07065 | 50.2841 | -1.56 | -13.41 | -10.77 | -0.19952 |
| Spain Credit Default Swaps | CDS.Spain | 30.5 | -1 | -1 | -0.89681 | 25.4161 | 3.39 | -7.58 | -11.59 | -0.02361 |
Spain Economic Indicators
| Indicator | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
|---|---|---|---|---|---|---|---|---|
| balance of trade | 140100 | -1296900 | -1.10803 | 0.125952 | 1.0 | 1.0 | 0.6 | 2021-05-31 |
| bank lending rate | 1.54 | 1.22 | 0.262295 | -0.0860534 | 1.0 | -1.0 | 0.4 | 2021-05-31 |
| banks balance sheet | 2925.7 | 2921.5 | 0.00143762 | 0.0433651 | 1.0 | 1.0 | 0.8 | 2021-04-30 |
| business confidence | -1.1 | 1 | -2.1 | -0.952381 | 1.0 | 1.0 | 0.441667 | 2021-06-30 |
| capacity utilization | 77.4 | 77.01 | 0.00506428 | -0.0349127 | -1.0 | -1.0 | 0.283333 | 2020-10-01 |
| capital flows | 1781 | 5414 | -0.671038 | 0.251581 | 1.0 | 1.0 | 0.716667 | 2021-04-30 |
| car registrations | 85790 | 92916 | -0.0766929 | 0.214021 | -1.0 | 1.0 | 0.933333 | 2021-06-30 |
| central bank balance sheet | 1095410 | 1079160 | 0.015058 | 0.178442 | 1.0 | 1.0 | 0.483333 | 2021-06-30 |
| consumer confidence | 97.5 | 89 | 0.0955056 | 0.60626 | 1.0 | 1.0 | 0.983333 | 2021-06-30 |
| consumer price index cpi | 107.32 | 106.81 | 0.00477483 | 0.0272806 | 1.0 | 1.0 | 0.966667 | 2021-06-30 |
| core inflation rate | 0.2 | 0.3 | -0.333333 | -0.818182 | -1.0 | -1.0 | 0.0333333 | 2021-05-31 |
| current account | 729 | 3335 | -0.781409 | -0.666514 | 1.0 | -1.0 | 0.133333 | 2020-12-31 |
| current account to gdp | 0.7 | 2.1 | -0.666667 | -1.07527 | 1.0 | 1.0 | 0 | 2020-01-31 |
| exports | 28268300 | 23542000 | 0.20076 | 0.298546 | 1.0 | 1.0 | 1 | 2021-03-31 |
| external debt | 2270040000 | 2236170000 | 0.0151464 | 0.147998 | 1.0 | 1.0 | 0.716667 | 2021-01-01 |
| foreign direct investment | 2151 | 2798 | -0.231237 | -0.53861 | 1.0 | -1.0 | 0.4 | 2021-04-30 |
| foreign exchange reserves | 66865.8 | 66238.4 | 0.00947185 | -0.0277092 | -1.0 | -1.0 | 0.183333 | 2021-06-30 |
| gdp | 1394.12 | 1419.74 | -0.0180456 | -0.0529912 | 1.0 | -1.0 | 0 | 2019-01-31 |
| Real GDP | 288284 | 290028 | -0.00601321 | -0.0326787 | -1.0 | -1.0 | 0.25 | 2021-03-01 |
| gdp growth | -0.4 | 17.1 | -1.02339 | -1.57143 | -1.0 | -1.0 | 0.333333 | 2021-01-01 |
| gdp growth annual | -4.2 | -8.9 | -0.52809 | -2.5 | -1.0 | -1.0 | 0.183333 | 2021-01-01 |
| gold reserves | 281.58 | 281.6 | -0.0000710227 | 0 | -1.0 | -1.0 | 0.708333 | 2020-07-01 |
| government budget | -11 | -2.9 | 2.7931 | 1.5 | -1.0 | -1.0 | 0 | 2020-01-31 |
| Government budget | -30628 | -16891 | 0.813273 | -0.050324 | 1.0 | 1.0 | 0.6 | 2021-05-31 |
| government debt | 1392730000 | 1345570000 | 0.0350483 | 0.199998 | 1.0 | 1.0 | 0 | 2021-01-01 |
| government debt to gdp | 120 | 95.5 | 0.256545 | 2.03797 | 1.0 | 1.0 | 0 | 2020-01-31 |
| housing index | 1625.4 | 1622.3 | 0.00191087 | 0.0375335 | 1.0 | 1.0 | 0.55 | 2021-01-01 |
| housing starts | 0.9 | 0.73 | 0.232877 | 1.5 | 1.0 | 1.0 | 0.85 | 2021-03-31 |
| imports | 27062000 | 27138200 | -0.00280785 | 0.556146 | 1.0 | 1.0 | 0.983333 | 2021-05-31 |
| industrial production | 26 | 48.2 | -0.460581 | -2.15044 | 1.0 | 1.0 | 0.216667 | 2021-05-31 |
| industrial production mom | 0.4 | -0.1 | -5 | -1.032 | -1.0 | 1.0 | 0.433333 | 2021-03-31 |
| inflation cpi | 2.7 | 2.7 | 0 | -4 | 1.0 | 1.0 | 0.15 | 2021-06-30 |
| interbank rate | -0.38 | -0.38 | 0 | 0 | 1.0 | -1.0 | 0.508333 | 2021-06-02 |
| interest rate | 0.05 | 0.05 | 0 | 0 | 1.0 | -1.0 | 0.791667 | 2016-03-09 |
| loan growth | 6.5 | 7.8 | -0.166667 | 1.09677 | 1.0 | 1.0 | 0.683333 | 2021-04-30 |
| loans to private sector | 464930 | 468510 | -0.00764125 | -0.0223361 | -1.0 | -1.0 | 0.683333 | 2021-05-31 |
| long term unemployment rate | 6.3 | 5.7 | 0.105263 | -0.1 | 1.0 | -1.0 | 0.516667 | 2021-01-01 |
| manufacturing pmi | 60.4 | 59.4 | 0.016835 | 0.232653 | 1.0 | 1.0 | 0.95 | 2021-06-30 |
| money supply m1 | 1262180 | 1245540 | 0.0133597 | 0.0949105 | 1.0 | 1.0 | 0.216667 | 2021-05-31 |
| money supply m2 | 1386890 | 1373830 | 0.00950627 | 0.0587027 | 1.0 | 1.0 | 0.616667 | 2021-05-31 |
| money supply m3 | 1429020 | 1416430 | 0.00888854 | 0.0567877 | 1.0 | 1.0 | 0.716667 | 2021-05-31 |
| new home sales | 9.2 | 8.52 | 0.0798122 | 1.15356 | 1.0 | 1.0 | 1 | 2021-05-31 |
| Producer Price Index | 110.1 | 108.2 | 0.0175601 | 0.15288 | 1.0 | 1.0 | 1 | 2021-05-31 |
| PPI Index | 15.3 | 12.8 | 0.195312 | -2.73864 | 1.0 | 1.0 | 0.1 | 2021-05-31 |
| retail sales MoM | -0.4 | 3.5 | -1.11429 | -0.979798 | -1.0 | 1.0 | 0.55 | 2021-04-30 |
| retail sales | 19.6 | 40.5 | -0.516049 | -2.01554 | 1.0 | 1.0 | 0.266667 | 2021-05-31 |
| services pmi | 62.5 | 59.4 | 0.0521886 | 0.204239 | 1.0 | 1.0 | 0.95 | 2021-06-30 |
| total vehicle sales | 96785 | 95403 | 0.0144859 | 0.171008 | 1.0 | 1.0 | 0.883333 | 2021-06-30 |
| unemployment rate | 15.98 | 16.13 | -0.00929944 | -0.0454002 | 1.0 | -1.0 | 0.5 | 2020-07-01 |
| youth unemployment rate | 36.9 | 38 | -0.0289474 | -0.0634518 | -1.0 | -1.0 | 0.6 | 2021-05-31 |
| Construction sector | -0.1 | -6.9 | -0.985507 | -0.996296 | 1.0 | 1.0 | 0.183333 | 2021-04-01 |
| Consumer sector | -11.6 | -17.4 | -0.333333 | -0.60274 | 1.0 | 1.0 | 0.133333 | 2021-04-01 |
| Manufacturing sector | 2.6 | -5.7 | -1.45614 | -1.08469 | 1.0 | 1.0 | 0.45 | 2021-04-01 |
| Retail sector | -3 | -21.2 | -0.858491 | -0.922078 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
| Services sector | 3.7 | -19.5 | -1.18974 | -1.07724 | 1.0 | 1.0 | 0.216667 | 2021-04-01 |
| ESI - Economic Composite | 106 | 96.9 | 0.0939112 | 0.409574 | 1.0 | 1.0 | 1 | 2021-04-01 |
Euro Bonos Trading Signals
MacroVar estimates the following signals: Euro Bonos momentum, Euro Bonos trend, Euro Bonos oscillator, Euro Bonos RSI and Euro Bonos returns.
Euro Bonos Momentum
Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.
MacroVarEuro Bonos momentum signal ranges from -100 to +100. The Euro Bonos momentum signal is derived as the mean value from 4 calculations for the Baltic Dry Index. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Euro Bonos return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Euro Bonos BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Euro Bonos momentum signal moves from positive to negative value or vice-versa.
Euro Bonos trend
Euro Bonos trend signal ranges from -100 to +100. Euro Bonos trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Euro Bonos Closing price vs Euro Bonos moving average (MA) calculation: If Euro Bonos is greater than Euro Bonos MA value is +1, else -1, 2. Euro Bonos Moving average slope calculation: if current Euro Bonos moving average is higher than the previous MA, Euro Bonos upward slope +1, else -1
Euro Bonos trend model can be used as a trend strength indicator. Euro Bonos trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Euro Bonos trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Euro Bonos 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Euro Bonos is in an uptrend when Euro Bonos price is higher than the 52-week moving average and the Euro Bonos 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Euro Bonos oscillator and Euro Bonos RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Euro Bonos oscillator
The Euro Bonos oscillator estimated by MacroVar is the z-score of the current Euro Bonos price versus Euro Bonos 1-year simple moving average price. The formula for the Euro Bonos oscillator is:
Euro Bonos oscillator = (Current Price – 250 trading days Euro Bonos simple moving average price) / (250 days Euro Bonos price standard deviation)
Euro Bonos oversold conditions
Euro Bonos is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Euro Bonos is oversold it is often due for a rebound. Values of the Euro Bonos oscillator lower than -2.5 signify oversold conditions. It must be noted that the Euro Bonos oscillator must be analyzed ibn conjunction with the rest of Euro Bonos quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Euro Bonos RSI.
Euro Bonos overbought conditions
Euro Bonos is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Euro Bonos is overbought it is often due for a correction. Values of the Euro Bonos oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Euro Bonos quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Euro Bonos RSI indicator
The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Euro Bonos is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Euro Bonos uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Euro Bonos returns
MacroVar calculates Euro Bonos returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Euro Bonos returns = (Euro Bonos Closing Price – Euro Bonos Previous Price)/(Euro Bonos Previous Price)